California Government Code

§ 53895.7

GOV § 53895.7 Effective Jan 1, 2010Div. 2 · Title 5 · Part 1 · Ch. 4 · Art. 9

Statute text

(a)For the purpose of this section, “agency” means any agency or entity formed pursuant to the Joint Exercise of Powers Act (Article 1 (commencing with Section 6500) of Chapter 5 of Division 7 of Title 1) that issues conduit revenue bonds.

(b)An officer of an agency who fails or refuses to make and file his or her report pursuant to this article within 20 days after receipt of a written notice of the failure from the Controller shall forfeit to the state:

(1)One thousand dollars ($1,000) in the case of an agency with total revenue, in the prior year, of less than one hundred thousand dollars ($100,000), as reported in the Controller’s annual financial reports.

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Legislative history

Added by Stats. 2009, Ch. 557, Sec. 6. (SB 99) Effective January 1, 2010.